$450,000

4981 Rosalie Street, St Louis, MO 63115

  • 11,548 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1928
  • Property Lot Size Icon0.37acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $39/sqft
  • Property List Date Icon Listed 29 days ago

Property Description

This 16-unit apartment complex offers a value-add opportunity with in-place income and strong upside. With 5 tenants currently in place and units primed for renovation, rents can be increased from the current $540 average toward market levels, targeting an estimated 10% cap rate after stabilization. The building would benefit from comprehensive electrical and plumbing upgrades, along with renovations and updates to the vacant units, making it well-suited for an investor prepared to execute a thoughtful rehab plan and unlock long-term cash flow. The property consists of sixteen 1-bedroom, 1-bathroom residential units, a highly desirable layout supported by consistent local rental demand. The total building square footage is approximately 11,548 square feet, situated on a 0.372-acre lot. Below-market rents provide upside through strategic renovations and rent repositioning to align with current market averages. Area rental data supports average market rents of approximately $756 for comparable 1-bedroom units within a 3-mile radius. Section 8 is also an option, HUD has market rent for 1 beds in St. Louis at $984 a month, providing an option for steady income. Pro-forma cap rate based on rents at $984 after renovations are 13.7%. Additional value can be created through improved property management efficiencies and stabilization. With targeted improvements, the property offers the opportunity for increased cash flow and long-term appreciation. Motivated seller will look at all reasonable offers!

Listing Status:
Active
Date Added:
January 16, 2026
Data Last Updated:
February 15, 2026 at 7:19PM
Listing Office:
Invest St. Louis : 314-325-6201
MLS ID:
26003058
  • Appliances: Gas Water Heater
  • A/C: Central AirElectricWindow Unit(s)
  • Heating: Forced AirNatural Gas
  • Style: Historic
  • Parking: On Street
  • General: BrickHistoric
  • Originating MLS: maris2
  • School District: St. Louis City
  • County: St Louis City
  • Zoning: 5493-00-0150-0
  • Utilities: Ameren
  • Water: Public
  • Source: maris2

This listing courtesy of Invest St. Louis

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Walbridge Elementary School

5000 Davison Ave, Saint Louis, MO, 63120

Grades PK-6

0.78 miles away

Y

Yeatman-Liddell Middle School

4265 Athlone Ave, Saint Louis, MO, 63115

Grades 6-8

1.15 miles away

V

Vashon High School

3035 Cass Ave, Saint Louis, MO, 63106

Grades 9-12

3.08 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.